Post
Topic
Board Economics
Re: Im big fan of stable coins and this is what I think
by
suzanne5223
on 10/02/2021, 18:18:18 UTC
So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins Smiley
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too Smiley
This is an unacceptable investment decision because the government's aim was to regulated centralized stable coin and also create their own Central Bank Digital Currency why would they choose to collect and mint stablecoin which was not owned by the Fed?
The last time I checked, they will rather create their own centralized stablecoin coin than collecting USDT or USDC.


Stable coin is called stable because it can not fluctuate with the market and if someone is looking to save there investment profit, they provide a very good option in digital form. Always use USDT or other stable coin as a trading pair.
That's totally wrong buddy, Stablecoins are not totally stable in price, they also fluctuate in price and the same thing goes to fiat currency when it devalues. I think people overestimated the concept of stablecoins, USDT is not better stablecoin and it better to choose stablecoin that are honest about their reserve funds.